Nigeria Archives - Page 5 of 12 - Cryptotimes Africa

The summit underscores the transformative power of crypto adoption in Nigeria and emphasizes the continent's position as an emerging force in the global crypto ecosystem. By embracing digital assets and decentralized finance (DeFi), individuals can achieve greater financial sovereignty, participate in the…

News

#SuperteamNGMixer: Networking and Igniting Growth in Nigeria’s Thriving Solana Community

by Terry Kunle February 7, 2024

Last weekend, #SuperteamNGMixer brought together passionate members, enthusiastic users, and key players in the Web3 ecosystem at Maison Fahrenheit, Victoria Island. This exclusive event wasn't just about having fun, it was about building connections and powering the future of the community. The…

News

Bitlink launches in Nigeria, unveils plan to expand Web3 space

by Terry Kunle January 9, 2024

Bitlink Exchange, a Singapore-founded crypto exchange trading platform, has expanded its operations into Africa focusing on Nigeria with clear intentions to spread into other African countries by 2024. This bold move is predicated on its mission which is to deepen Web-3 adoption by leveraging cryptocurrency innovation and blockchain solutions starting with the Nigerian ecosystem. According to the…

Article

Crypto, Nigerian SEC Cranks Up the Heat on Exchanges

by 'Femi Michael December 31, 2023

Amid Nigeria’s crypto regulations, concerns arise over SEC’s stringent terms, potentially reshaping the landscape for local exchanges.Read more on DailyCoin: https://dailycoin.com/nigerian-sec-cranks-up-heat-local-crypto-exchanges/ The Nigerian crypto market has been facing potential upheaval due to stringent SEC licensing. High minimum capital requirements have threatened the…

Industry

eNaira ranks, despite crypto banned in the Nation

by 'Femi Michael December 30, 2023

Nigerian tech and innovation legal expert Chinedu Albert said eNaira adoption will only happen when the government gains the trust of Nigerians and the naira attains a more trusted status. The Central Bank of Nigeria’s 2021 ban on regulated financial institutions from…

Article

How Nigeria stepped up its AI game in 2023

by 'Femi Michael December 30, 2023

In 2023, Nigeria embraced AI with initiatives like a national curriculum, strategy and scholarships. Here are the most significant innovations and crypto-related progress. There is no debating that 2023 was the year of artificial intelligence, with AI on everyone’s radar, including Africa’s…

News

2024, Nigeria Banks Set To Launch Compliant Naira Stablecoin

by 'Femi Michael December 29, 2023

Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024. Naira Stablecoins The concept of a Naira stablecoin has…

Industry News

Web3 Startup, WiCrypt, Receives $150,000 Grant

by 'Femi Michael December 9, 2023

"We received a $150,000 grant from Microsoft. This grant will go a long way in expanding collaboration and improving productivity around our #DePIN development chain," the company said on its X channel. WiCrypt Network, the decentralized mobile internet sharing and monetization network out…

News

FINTECH AFRICA | Nigerian Fintech Firm Pivo Closes Within A Year of Funding

by Crypto Oracle December 7, 2023

After obtaining a $2 million seed round, Pivo, a Nigerian fintech company that offered banking services to small supply chain companies, is shutting down after a year. Pivo was a startup that was founded in July 2021 by Nkiru Amadi-Emina, the CEO,…

News

Launch| To consolidate and bolster the startup ecosystem, Nigeria Launches Startup Support Portal

by Crypto Oracle November 28, 2023

The inauguration of the Startup Support and Engagement Portal has been announced by Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy for Nigeria. A feature of the Nigeria Startup Act, the portal brings together investors, companies, and support groups such…